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The comparative financial statements of Highland Pools, Inc., for 2023, 2022, and 2021 included the following select data: (Click the icon to view the
The comparative financial statements of Highland Pools, Inc., for 2023, 2022, and 2021 included the following select data: (Click the icon to view the comparative financial data.) Read the requirements. Requirement 1. a. Compute the current ratios for 2023 and 2022. (Round your final answers to two decimal places, X.XX.) 2023 2022 Current ratio = Requirement 1. b. Compute the quick (acid-test) ratios for 2023 and 2022. (Round your final answers to two decimal places, X.XX.) 2023 2022 Quick (acid-test) ratio= Requirement 1. c. Compute the days' sales outstanding for 2023 and 2022. (Round interim calculations to two decimal places, XX.XX and the amounts you enter into the answer boxes (DSO) up to the next whole day.) 2023 2022 Days' sales outstanding (DSO) = days days Requirement 2. Which ratios improved from 2022 to 2023 and which ratios deteriorated? Is this trend favorable or unfavorable? The current ratio from 2022 to 2023. The quick ratio from 2022 to 2023. The days' sales outstanding This trend the company. Requirement 3. Recommend two ways for Highland Pools to improve cash flows from receivables. Highland Pools can improve cash flows from receivables by either and/or
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